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Operating Segments and Geographic Information (Tables)

3 Months Ended

Sep. 28, 2019

Segment Reporting [Abstract]

Schedule of information on reportable segments

The following tables presents information on the Company’s reportable segments (in millions):

	Three Months Ended September 28, 2019
	Network and Service Enablement
	Network Enablement				Service Enablement				Network and Service Enablement				Optical Security and Performance Products				Other Items				Consolidated GAAP Measures
Product revenue	$	177.2			$	7.7			$	184.9			$	79.8			$	—			$	264.8
Service revenue	21.7				13.2				34.9				0.2				—				35.0
Net revenue	$	198.9			$	20.9			$	219.8			$	80.0			$	—			$	299.8
Gross profit	$	128.0			$	12.6			$	140.6			$	43.3			$	(9.5	)		$	174.4
Gross margin	64.4		%		60.3		%		64.0		%		54.1		%						58.2		%
Operating income									$	22.3			$	30.4			$	(32.0	)		$	20.7
Operating margin									10.1		%		38.0		%						6.9		%

	Three Months Ended September 29, 2018
	Network and Service Enablement
	Network Enablement				Service Enablement				Network and Service Enablement				Optical Security and Performance Products				Other Items				Consolidated GAAP Measures
Product revenue	$	149.9			$	13.6			$	163.5			$	77.6			$	—			$	241.1
Service revenue	14.6				12.6				27.2				0.2				—				27.4
Net revenue	$	164.5			$	26.2			$	190.7			$	77.8			$	—			$	268.5
Gross profit	$	102.9			$	18.3			$	121.2			$	39.4			$	(10.2	)		$	150.4
Gross margin	62.6		%		69.8		%		63.6		%		50.6		%						56.0		%
Operating income									$	16.4			$	27.4			$	(45.0	)		$	(1.2	)
Operating margin									8.6		%		35.2		%						(0.4		)%

	Three Months Ended
	September 28, 2019				September 29, 2018
Corporate reconciling items impacting gross profit:
Total segment gross profit	$	183.9			$	160.6
Stock-based compensation	(1.0		)		(0.8		)
Amortization of intangibles	(8.4		)		(9.4		)
Other charges unrelated to core operating performance	(0.1		)		—
GAAP gross profit	$	174.4			$	150.4
Corporate reconciling items impacting operating income:
Total segment operating income	$	52.7			$	43.8
Stock-based compensation	(10.3		)		(8.1		)
Amortization of intangibles	(17.1		)		(19.2		)
Other charges unrelated to core operating performance (1)	(4.3		)		(2.9		)
Restructuring and related charges	(0.3		)		(14.8		)
GAAP operating income	$	20.7			$	(1.2	)

⁽¹⁾ 

During the three months ended September 28, 2019 and September 29, 2018, other charges unrelated to core operating performance primarily consisted of certain acquisition and integration related changes, transformational initiatives such as, site consolidations, and reorganization, loss on sale of investments and loss on disposal of long-lived assets.

Schedule of revenue by geographic regions

The following table presents net revenue by the three geographic regions we operate in and net revenue from countries that exceeded 10% of our total net revenue, (in millions):

	Three Months Ended
	September 28, 2019												September 29, 2018
	Product Revenue				Service Revenue				Total				Product Revenue				Service Revenue				Total
Americas:
United States	$	71.4			$	13.6			$	85.0			$	60.1			$	12.7			$	72.8
Other Americas	16.6				4.1				20.7				17.9				3.1				21.0
Total Americas	$	88.0			$	17.7			$	105.7			$	78.0			$	15.8			$	93.8
Asia-Pacific:
Greater China	$	70.5			$	1.4			$	71.9			$	58.7			$	0.2			$	58.9
Other Asia	31.3				4.0				35.3				36.0				3.5				39.5
Total Asia-Pacific	$	101.8			$	5.4			$	107.2			$	94.7			$	3.7			$	98.4
EMEA:
Switzerland	$	12.2			$	—			$	12.2			$	25.7			$	—			$	25.7
Other EMEA	62.8				11.9				74.7				42.7				7.9				50.6
Total EMEA	$	75.0			$	11.9			$	86.9			$	68.4			$	7.9			$	76.3
Total net revenue	$	264.8			$	35.0			$	299.8			$	241.1			$	27.4			$	268.5

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